Replies to post #337824 on Spongetech Delivery Systems Inc (fka SPNGQ)

[SRV-90]

Too bad there was no short position on spongetech. It was all a lie.

Welcome to reality

[puppydotcom]

what does that have to do with SPNG?

they were just crooks trying to beat the system ..

and this is why they were nailed ...

The Respondents Were Not Bona-Fide Market Makers Under Reg. SHO
45. The short sales executed by the Respondents in the reverse conversion and the assist transactions were not in connection with bona-fide market making activities in the threshold security, so the Respondents were not eligible for the Market Maker Exception.